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28 Stocks and 72 ETFs for diversifying ISD (PGIM High Yield Bond Fund)

The least correlated asset to ISD (PGIM High Yield Bond Fund) is ETF SJB (PROSHARES SHORT HIGH YIELD). The correlation is -0.8866.

Stocks that lowly correlated with ISD

SymbolName
Market cap
SectorIndustry
Correlation
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.69
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.66
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.62
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.62
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.60
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.58
NCEWNew Century Logistics (BVI) Ltd$54MIndustrialsIntegrated Freight & Logistics-0.56
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.53
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.50
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.50
GTERAGloba Terra Acquisition Corporation Class A$246MFinancial ServicesShell Companies-0.48
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.48
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.47
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.47
APADREnhanced Group Inc$6.67MN/AN/A-0.47
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.47
IBTAIbotta Inc - Class A$753MTechnologySoftware - Application-0.46
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.46
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.45
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.44
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.44
STAKStak Inc$55MEnergyOil & Gas Equipment & Services-0.44
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.43
DAAQDigital Asset Acquisition Corp - Class A$180MFinancial ServicesShell Companies-0.42
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.41
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.41
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.40
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.40

ETFs that lowly correlated with ISD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.89
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.85
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.85
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.83
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.83
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.82
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.81
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.80
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.80
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.80
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.80
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.80
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.80
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.80
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.79
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.79
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.79
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.79
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.79
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.78
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.78
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.77
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.77
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.77
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.76
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.76
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.73
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.73
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.71
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.70
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.70
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.69
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.68
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.68
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.67
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.65
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.64
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.64
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.63
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.62
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.62
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.61
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.60
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.60
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.54
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.54
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.54
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.52
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.51
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.51
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.51
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.51
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.50
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.50
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.49
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.49
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.49
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.48
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.47
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.47
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.46
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.46
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.45
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.45
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.45
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.43
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.43
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.42
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.41
OILDBank of Montreal$53MN/ANov 8, 2021-0.41